Policy-makers performed a sharp U-turn, switching from “de-stocking” to deflating the resultant bubble. Photo: Reuters
U-turn from policy makers on home prices could bring whiplash
Having encouraged home buying to ‘de-stock’ market beset by housing glut, officials abruptly pull plug as ‘asset bubble’ reminiscent of the stock-market bull run hits leading cities
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China property
Policy-makers performed a sharp U-turn, switching from “de-stocking” to deflating the resultant bubble. Photo: Reuters